MISC's LNG Expansion Likely to Support Long-Term Growth
Dow Jones
Aug 03
0312 GMT - MISC's gas segment is expected to contribute revenue broadly in line with its petroleum segment over the medium term, RHB IB analyst Lee Yun Leon says in a note. The outlook is supported by 19 vessel additions and seven wholly owned LNG carrier deliveries scheduled between 2026 and 2028, he says. MISC's latest long-term charter award from Malaysia LNG reinforces its LNG fleet renewal strategy and should improve operational efficiency while reducing fuel consumption, he reckons. Together with improving offshore contributions and resilient tanker fundamentals, the fleet expansion is expected to strengthen MISC's long-term earnings profile, he adds. RHB maintains a buy rating on MISC and keeps target price at 9.71 ringgit. Shares are 1.4% higher at 8.10 ringgit.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.